The fade in average hourly earnings puts the M/M measure at lowest since early 2022 (unrounded at 0.2371%), but worth noting the more pronounced fall in non-supervisory roles average hourly earnings - falling to the lowest since 2021.
The Y/Y slowing in AHE more pronounced than headlines suggest also: 4.286% (rounded up to 4.3% for the headline) from 4.361% in July.

Figure 1: Non-supervisory AHE at lowest since '21

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The fade in average hourly earnings puts the M/M measure at lowest since early 2022 (unrounded at 0.2371%), but worth noting the more pronounced fall in non-supervisory roles average hourly earnings - falling to the lowest since 2021.
The Y/Y slowing in AHE more pronounced than headlines suggest also: 4.286% (rounded up to 4.3% for the headline) from 4.361% in July.

Figure 1: Non-supervisory AHE at lowest since '21

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Non-Supervisory AHE Lowest Since '21